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For Process 1 in LJK Ltd the following is relevant for the latest period: Material costs 500 units @ $8 per unit Labour $2,112 Overheads

For Process 1 in LJK Ltd the following is relevant for the latest period: Material costs 500 units @ $8 per unit Labour $2,112 Overheads 150% of labour cost There were no process losses. Required: Complete the process Account Output: 400 fullyworked units, transferred to Process 2. 100 units only 40% complete with respect to conversion, but 100% complete with respect to materials

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